What is the punishment for lying about age on a credit card application?

Question

I'm underage (16) and I got to thinking about people my age who have credit cards (and not with their parents account/consent). They've lied about their age on the application. Is there any punishment for this? Does anyone find out? Could a minor really get into trouble for this? Can't you just pay off the card?

Answer 1

I really don't think they care...as long as one makes the monthly payments.

Answer 2

Considering a credit card company can't contract with a minor, i would think the error would be on them (the credit card company).  Theoretically, the minor could just not pay the bill, and the CC company couldn't do anything about it because there was no legal contract.

however, if the minor mailed the application back, they could be liable for mail fraud, which is a felony.  If it was done over the internet, it could be wire fraud.

Answer 3

Potentially the card company could take legal action for obtaining money under false pretences. However, I would consider it massively unlikely they would bother bringing a civil action against a minor as long as they got their money back.